The head of Purdue University’s Center for Commercial Agriculture says profitability concerns have farmers less inclined to make capital investments on their farms.
Jim Mintert says the Farm Capital Investment Index declined again in the latest Purdue University/CME Group Ag Economy Barometer. “Last fall, in October, for example, only 7% of the people who think it’s a bad time to make investments said it was because of uncertainty about profitability,” he says. “This month, that tripled it’s up to 22%.”
But, he tells Brownfield profitability still isn’t the top reason the index continues to slide.
